Speaking to NIPNA, Mohammadreza Motieri, CEO of PETZONE,
confirmed that the final regulatory stages are underway. “We are now in the
last phase of obtaining environmental approval,” he said. “All other necessary
permits are in place, including the water use license for the Phase 2
expansion.”
Motieri explained that the Department of Environment has
sent a formal request to the Southeast Khuzestan Water Company to verify the
validity of the water license. “Our consulting team has responded to all
queries from the DoE, and we expect to receive the environmental green light
soon, allowing us to initiate Phase 2.”
Strategic Expansion Aligned with National Investment
Goals
In line with the Supreme Leader’s designation of the current
year as the year of “Investment in Production,” Motieri emphasized the
petrochemical industry’s readiness to grow. “Plans are in place to increase
annual petrochemical output by roughly $7 billion. PETZONE is fully prepared to
support this expansion.”
Local Employment and Value Creation in Focus
Motieri underscored the organization’s commitment to value
creation, sustainable development, and local job generation. “With the
activation of Phase 2, we anticipate substantial employment opportunities for
residents of Khuzestan — particularly in Mahshahr County and Bandar Imam
Khomeini.”
The new phase is expected to attract further investment into
downstream petrochemical projects, enhance regional infrastructure, and
reinforce Iran’s strategic shift from raw material exports to value-added
production.